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million for energy efficiency and renewableenergy projects. Wednesday’a auction allocated some 30.8 millionm credits — allowances to emit specified amountw of carbondioxide — in energhy production to 54 energy generators and othef entities, according to a reporgt released by program administrator The creditz are good for energyh generation between 2009 and 2011. The clearin g price of those creditswas $3.23 per down from $3.51 in the Marchy auction. An auction for allowances for theseconf three-year control period, beginninbg 2012 and ending 2014, allocated 2.2 milliojn credits at a price of $2.06.
The proceeds are divided among the 10 participating Northeast states in the programn based on how many carbon credits thestatezs allocate. Massachusetts is mandated to allocat e 80 percent of its share of RGGI proceedws to energyefficiency projects. “The statexs are putting the new resources generates by RGGI auctions to work savinb money for their citizens and reducinb greenhouse gas emissions forthe environment,” said Laurie Burt, commissionee of the Massachusetts Department of Environmental in a statement. “We look forwared to working with the Obama Administratiojn to engage all states and all regionsd in the effort to transition to a cleanenergyu economy.
” In total, RGGI states have auctioneds more than 110 million allowances and raised a totao of $366.5 million.
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